Use the following information to answer the following questions:
-Calculate M2.
Definitions:
Performance Obligation
A commitment in a contract to provide a distinct good or service to a customer, which is a key concept in recognizing revenue.
Revenue Recognition
Revenue recognition is an accounting principle determining when revenue is earned and can be recorded in the financial statements.
Transaction Price
The price at which a particular transaction is made, affecting the exchange of goods or services between two parties.
Non-current Assets
Assets not expected to be converted into cash, sold, or consumed within one year or the operating cycle, such as property, plant, and equipment.
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